Benedictow, Andreas; Boug, Pål - Statistisk Sentralbyrå, Government of Norway - 2011
Aggregation of international prices in empirical work is generally based on well known index number formulas. However … increasingly important role that low-cost countries play in determining international prices. When only price indices for a … change in international prices using the Törnqvist price index as the underlying index number formula. Herein, we suggest a …